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FHA Loans

FHA loans differ from conventional loans in a number of ways. The down payment required for a FHA-insured loan, is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

FHA loans offer borrowers several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3.5-5%

The FHA is also more flexible in calculating factors to determine whether or not to approve the loan factors such as household income and repayment ratios.

Return to fha loans in the state of NC

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Aulander, North Carolina News
Snow amount varies in Bertie

Snowfall amounts varied throughout the large landmass that is Bertie County over the weekend.


Alabama fugitive nabbed in Aulander

" A routine drug arrest three weeks ago has now evolved into something much deeper.


Aulander man suffers burns

" One man was injured in a home accident here Sunday evening. According to Bertie County Emergency Management Coordinator Rickey Freeman, a 911 call was received at approximately 4:45 p.m. Sunday from Buck Branch Road in Aulander advising a home fire in progress along with an injury.


Traffic stop yields drug arrest

AULANDER a ' What started as a routine traffic stop for an equipment violation ended with a drug arrest here Tuesday.


Mizelle tabbed Teacher of the Year

" Bertie County Schools recently recognized a host of teachers who are excelling at their profession.


Weather causes little damage in R-C

A nora easter brought heavy rain and strong wind to the Roanoke-Chowan region - knocking over trees, power lines and causing flooding.


Driver charged in hit-and-run

AHOSKIE a ' A Gatesville man stands charged with DWI and felony hit-and-run following a Tuesday evening accident involving three vehicles.


Judge hikes teen's bond

" Over a two-day span, an Aulander teen ran into trouble with, first, a law enforcement officer and, secondly, a judge.


Bertie booze hangs on provisional votes

" Unofficial tallies leave the future of the Bertie County Mixed Beverage referendum in doubt.


All in the Family: North Carolina Brother, Sister Charged with Insurance Fraud

A brother and sister have been arrested by North Carolina officials on charges of insurance fraud.


Cammack, Davis wed in North Carolina

Stephanie Rennea Cammack and Miles William Davis were married on Sept. 5, 2009 in an evening ceremony held at the groom's family church, located in Leland, N.C. The ceremony was officiated by the bride's brother, Pastor Gerrard Ruff of Hampton, Va The bride is the daughter of the late Mr.


Gell settles for $3.9 million

RALEIGH a ' Despite sitting in a jail cell in Goldsboro, a Bertie County man has become a multi-millionaire. A $3.9 million settlement has been reached in a civil case filed on behalf of James Alan Gell who sued the North Carolina State Bureau of Investigation and others on the grounds of obstructing justice that led to his capital murder ...


NC Sbi agrees to $4 million settlement with Gell

The State Bureau of Investigation has agreed to give almost $4 million to a former North Carolina death row inmate who sued after he spent nine years behind bars before being acquitted at a new trial.


Ex-inmate arrested on felony charges

" An Ahoskie man who has previously served prison time for drug distribution is again in trouble with the law.


Princeville hires new town manager

Princeville leaders found a new town manager. Town officials appointed David Overton, a retired Windsor resident, as its interim town manager this week during a closed session of its regular board meeting.


Fire probe reveals few clues

" Investigators probing the cause of an Aug. 16 residential fire in Aulander remain uncertain of the cause.


Princeville moves quickly

It did not take Princeville long to find and hire a town manager. Sam Knight, who held the job since 2003, retired Thursday.


Aulander man held under $500,000 bond

" An Aulander man is being held in the Bertie-Martin Regional Jail under a half-million dollar secured bond following his Thursday night arrest on eight felony drug charges.


Aulander man held under $500,000 bond

" An Aulander man is being held in the Bertie-Martin Regional Jail under a half-million dollar secured bond following his Thursday night arrest on eight felony drug charges.


Aulander man held under $500,000 bond

" An Aulander man is being held in the Bertie-Martin Regional Jail under a half-million dollar secured bond following his Thursday night arrest on eight felony drug charges.


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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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